Vaneck’s planned Solana (Sol) Exchange-Traded Fund is listed under the ticker symbol VSOL under the Depository Trust & Clearing Corporation (DTCC) and illustrates another step in mainstream Solana exposure for traditional investors.
According to DTCC records, the fund is labelled “Vaneck Solana Tr Com Shs ben int” and falls under the industry standard “D” settlement category, which indicates eligibility for electronic trading and liquidation after regulation and exchange approvals are ensured.
Solana, a fast blockchain network designed for scalable, distributed applications, has attracted a lot of attention as an alternative to Ethereum due to lower transaction costs and an increasing developer ecosystem.
The Spot Solana ETF has not yet been approved for transactions in the US, but some asset managers have filed proposals with the Securities and Exchange Commission to provide such products after the regulatory situation was granted.
Vaneck, an early mover for Crypto Investment Products, currently operates Bitcoin and Ethereum futures ETFs and has launched several digital asset equity funds globally.
The VSOL list reflects the company’s broader strategy to expand investor access to emerging tier 1 blockchain networks through regulated vehicles.
Vaneck has not announced the official release date for its VSOL deal.
The listing will take place a few days after the SEC asks Solana ETF applicants to submit their revised S‑1 registration statement. This move has led some companies to submit new applications in an attempt to chase.
The application is scheduled for mid-June, and the SEC said it will respond within about 30 days.
Bloomberg analysts believe that if the revised filing is processed quickly, a 3-5-week approval window would be possible, and could set a stage for July launch.
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